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Dec 29, 2012
12/12
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but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that would literally take food out of the mouths of hungry babies and in this country, you want to talk about crisis, fiscal crisis, et cetera, a crisis is that one out of five american children is hungry at some point during the year. that is just immoral. and they voted to even cut that. and so i agree with you. i think we have to talk about the consequences for real people. middle class, and as the president said tonight, those who aspire to the middle class. and that would include the unemployed right now, and we're going to extend unemployment insurance benefits. >> yeah, that's critical. gop source
but it will include the education tax credit and the child tax credit and the earned income tax credit. these are refundable tax credits that affect mostly low-income people. so that will be on the table. but, you know, the republicans, the disdain that i have seen for poor people, from people who are struggling, like senior citizens on medicare and social security, for low-income people and the women, infant, and children program, we saw the republicans last week vote to spending cuts that...
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Jan 1, 2013
01/13
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along with a low income tax credit. this is what sources are telling me. the big thing here, and the reason why chuck schumer is saying that there will be strong democratic support is because the president has won the war on race. there has been a lot of conversation about, well, let's go to 37 or 37.5. the president will get 39.6%. this takes us to the old rates under the clinton administration and they are permanent and it will take a big move by the congress to move us off that rate in the future this is a big -- a big win for the white house, $600 billion in revenue with no spending cuts and we go to round two as the calendar takes us to the next phase of all of this. i think it's a big win for the white house, something the republicans know they have to take, know there has to be more revenue in the treasury and willing to fight for another day on spending cuts. >> i want to read this statement that came out from house speaker john boehner, majority leader eric cantor and kevin mccarty. kathy mcmorris rogers entere
along with a low income tax credit. this is what sources are telling me. the big thing here, and the reason why chuck schumer is saying that there will be strong democratic support is because the president has won the war on race. there has been a lot of conversation about, well, let's go to 37 or 37.5. the president will get 39.6%. this takes us to the old rates under the clinton administration and they are permanent and it will take a big move by the congress to move us off that rate in the...
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Dec 27, 2012
12/12
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the bush tax cuts will expire. everyone, even republicans know if we go over the cliff, the bush tax cuts will be restored for at least 98% of americans. payroll taxes will go back to normal in 2013. the payroll tax cut was always intended to be a temporary measure. the alternative minimum tax would hit middle class americans. year after year, this has been fixed by lawmakers and like everything else notice fiscal cliff, it can be done retroactively. the harshest effects of spending cuts could be modified in the first month or two of 2013. in fact, the defense department, the irs and other government agencies are planning no immediate changes because they're anticipating some kind of deal. that leaves the unemployed, extended unemployment insurance will expire immediately if we go over the cliff. a deal later in january could theoretically restore extended benefits, the immediate damage will have already been done. for many people, this is all an interesting charade. but for the unemployed it's the real deal. get y
the bush tax cuts will expire. everyone, even republicans know if we go over the cliff, the bush tax cuts will be restored for at least 98% of americans. payroll taxes will go back to normal in 2013. the payroll tax cut was always intended to be a temporary measure. the alternative minimum tax would hit middle class americans. year after year, this has been fixed by lawmakers and like everything else notice fiscal cliff, it can be done retroactively. the harshest effects of spending cuts could...
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Jan 1, 2013
01/13
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these are people who pay no income tax. 47% of americans pay no income tax. so low taxes doesn't connect. he'll be out there talking about tax cuts for rich. that's what they sell every four years. and so my job is not to worry about those few. i'll never convince them. what i have to do is convince the 5 to 10% in the center that are inters, that are voting one way or the other fending in some cases on emotion, whether they like the guy or not. >> does mitt romney really think that people in this country want to be on medicare, that they want to be poor, that they want to be disabled? that they want to have assistance? is that really the path that he thinks that americans want to take? and most americans i believe tonight, especially liberals are going to be absolutely offended by the comment. my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. personal responsibility. personal responsibility. those of you who are in nursing homes, those of you who are in wheelchairs, tho
these are people who pay no income tax. 47% of americans pay no income tax. so low taxes doesn't connect. he'll be out there talking about tax cuts for rich. that's what they sell every four years. and so my job is not to worry about those few. i'll never convince them. what i have to do is convince the 5 to 10% in the center that are inters, that are voting one way or the other fending in some cases on emotion, whether they like the guy or not. >> does mitt romney really think that...
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Dec 28, 2012
12/12
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tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn't it ironic, dr. haines, through this entire debate the focus has been on the wealthiest americans paying more taxes, not people who will lose unemployment benefits come january 1st? you're the pastor of a huge church in dallas that talks about poverty and social injustice. what's your reaction to this? >> well, not only is it ironic
tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed...